Pera Finance Partners with PolkaFoundry to Promote Pera Trading Protocol
With the partnership, we aim to integrate decentralized trading competitions and volume creation incentives to the PolkaFoundry ecosystem.
We are thrilled to announce our partnership with Polkafoundry, the platform for creating borderless and frictionless DeFi & NFT apps. It is designed to unleash developers to explore new horizons of the DeFi & NFT landscape.
We can summarize the scope of the partnership as follows:
- Pera will provide customizable and fully-decentralized trading competitions and volume generation incentives as a service to the entire PolkaFoundry ecosystem.
- Polkafoundry will enable the adaptation of Pera technologies to DeFi by bridging Pera Finance with DeFi applications and projects developed on its platform.
As Pera, we beleive decentralization and self-custody can only work if DeFi have the infrastructure to compete with CeFi, beyond just liquidity. Existing DeFi protocols have a structure that can only reward liquidity providers. However, the liquidity on which volume cannot be created leaves the platform after a short time, avoiding the establishment of sustainable DeFi ecosystems. On top of all of this, creating uncontrolled emissions rewards to liquidity providers exposes these platforms to a selling pressure that they can’t handle.
Competitive yield farming incentives long used by CeFi such as trading competitions can now be created in DeFi thanks to Pera. With its volume creation incentives, Pera establishes a comprehensive and sustainable yield farming structure that can reward all users of a DeFi platform where any user contributing either liquidity, volume, or stability to the ecosystem can profit from additional income streams.
With the partnership between Polkafoundry and Pera, an important step will be taken for the future of DeFi. Projects developed on the PolkaFoundry platform will make use of a next generation yield farming structure where they can increase their userbase and platform volumes. With the partnership, we will have taken one more step towards the integration of Pera technologies into DeFi.
About PolkaFoundry
PolkaFoundry is a one-stop dApp factory providing interoperability with DeFi and Web 3.0 ecosystems by leveraging the Polkadot multi-chain blockchain. It aims to connect DeFi and Web 3.0 with the Polkadot ecosystem, by offering tools and services with all the necessary features, services, integrations, and tools for DeFi experiments, innovations, and real-world solutions.
The platform introduces a variety of use cases including lending, decentralized insurance, cross-chain DEX, DeFi derivatives, prediction markets, and auction marketplaces. PolkaFoundry has unique user experience enabling features, which allows it to deploy the built DApps to a large number of users. The cross-chain design will make project tokens and Dapps on the PolkaFoundry ecosystem interoperable with other networked supported by the Polkadot Relaychain.
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About Pera Finance
Pera Finance is a platform where traders, liquidity providers, holders and stakers can yield farm together. With the DeFi’s first decentralized trading competition, Pera Finance aims to be DeFi’s most sustainable and profitable yield farming protocol.
Pera Finance bridges the most important gap between CeFi and DeFi: Trader incentives. With Pera Finance we aim to establish yield farming structures around volume creation incentives, what we call trade farming. DeFi can only compete with CeFi if there are no infrastructural gaps. CEXs are built with an intention to host plenty of volume boosting campaigns. Pera is delivering this infrastructure to DeFi, for all projects.
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